Tag: Compliance

As financial companies face tougher regulators, ensuring risk management in AML compliance is becoming ever more important. 

Resistant AI, a fraud and financial crime prevention services provider, has received a clean System and Organization Controls (SOC) 2 Type 1 attestation report.

Dotfile, a French compliance operating system supporting FinTech and regulated firms to verify their customers, has scored €2.5m in seed funding.

Despite the rising usage of cryptocurrency, regulations are still quite bare and confusing. Principal to this is crypto tax reporting, which some countries are setting rules for, before even clarifying taxation laws.

Elementus, a blockchain intelligence platform aimed at helping financial institutions and crypto exchanges, has raised $10m in its Series A-1 round.

In a time where the compliance function is changing, RegTech market players are looking at an evolving industry. What trends will stand out in the industry this year?

Following the invasion of Ukraine, financial institutions have seen a tidal wave of sanctions. Implementing strong sanctions screening tools enables FinTechs and neobanks to bolster their market reputation.

Holistic views of integrity risks within the supply chain allows teams to reduce the potential for illicit activity to slip through the net, according to Quantexa.

UK firms could be the next to face greater regulatory scrutiny and fines for off-channel trading communications, according to a survey by Global Relay.

Bank of Nevis International has become the first Caribbean bank to implement Tookitaki’s anti-money laundering technology.